QMMM Holdings Correlations

QMMM Stock

1.08 0.13 10.74%

The current 90-days correlation between QMMM Holdings Limited and Mirriad Advertising plc is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as QMMM Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QMMM Holdings Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

QMMM Holdings Correlation With Market

Significant diversification

The correlation between QMMM Holdings Limited and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QMMM Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in QMMM Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with QMMM Stock

0.62	DLPN	Dolphin Entertainment	Pair Corr
0.68	FLNT	Fluent Inc	Pair Corr
0.78	ABLVW	Able View Global	Pair Corr
0.62	KUKE	Kuke Music Holding	Pair Corr
0.8	MSGE	Madison Square Garden	Pair Corr
0.74	ABLV	Able View Global	Pair Corr
0.73	SPHR	Sphere Entertainment	Pair Corr

Moving against QMMM Stock

0.87	SE	Sea	Pair Corr
0.87	DIS	Walt Disney Sell-off Trend	Pair Corr
0.83	CTV	Innovid Corp	Pair Corr
0.82	NCTY	The9 Ltd ADR	Pair Corr
0.79	ICLK	iClick Interactive Asia	Pair Corr
0.79	MGNI	Magnite	Pair Corr
0.63	QNST	QuinStreet	Pair Corr
0.59	AENTW	Alliance Entertainment	Pair Corr
0.43	MCHX	Marchex	Pair Corr
0.42	EVC	Entravision Communications	Pair Corr
0.81	Z	Zillow Group Class	Pair Corr
0.81	YY	YY Inc Class	Pair Corr
0.79	OB	Outbrain	Pair Corr
0.77	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.53	KT	KT Corporation	Pair Corr
0.52	RSVR	Reservoir Media	Pair Corr
0.46	CABO	Cable One	Pair Corr
0.43	EA	Electronic Arts	Pair Corr
0.41	STGW	Stagwell	Pair Corr

Related Correlations Analysis

	MMDDF	INEOF	KDOZF	MCHX	SNIPF	CYGIY	TZOO	EEX	ZD	DRCT
MMDDF		0.87	-0.22	-0.38	-0.73	0.96	-0.87	-0.82	-0.93	0.54	MMDDF
INEOF	0.87		-0.27	-0.27	-0.66	0.85	-0.89	-0.66	-0.86	0.51	INEOF
KDOZF	-0.22	-0.27		0.0	0.22	-0.21	0.16	0.21	0.21	-0.25	KDOZF
MCHX	-0.38	-0.27	0.0		0.53	-0.32	0.22	0.14	0.32	-0.26	MCHX
SNIPF	-0.73	-0.66	0.22	0.53		-0.7	0.66	0.63	0.71	-0.53	SNIPF
CYGIY	0.96	0.85	-0.21	-0.32	-0.7		-0.86	-0.8	-0.93	0.53	CYGIY
TZOO	-0.87	-0.89	0.16	0.22	0.66	-0.86		0.75	0.87	-0.45	TZOO
EEX	-0.82	-0.66	0.21	0.14	0.63	-0.8	0.75		0.86	-0.52	EEX
ZD	-0.93	-0.86	0.21	0.32	0.71	-0.93	0.87	0.86		-0.59	ZD
DRCT	0.54	0.51	-0.25	-0.26	-0.53	0.53	-0.45	-0.52	-0.59		DRCT
	MMDDF	INEOF	KDOZF	MCHX	SNIPF	CYGIY	TZOO	EEX	ZD	DRCT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CYGIY	+ 0.96	MMDDF
INEOF	+ 0.87	MMDDF
ZD	+ 0.87	TZOO
ZD	+ 0.86	EEX
CYGIY	+ 0.85	INEOF
EEX	+ 0.75	TZOO

High negative correlations

ZD	- 0.93	CYGIY
ZD	- 0.93	MMDDF
TZOO	- 0.89	INEOF
TZOO	- 0.87	MMDDF
TZOO	- 0.86	CYGIY
ZD	- 0.86	INEOF

Risk-Adjusted Indicators

There is a big difference between QMMM Stock performing well and QMMM Holdings Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze QMMM Holdings' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MMDDF	2.09	(1.09)	0.00	(6.06)	0.00	0.00	0.00	0.00	49.21
INEOF	1.75	(0.24)	0.00	0.21	0.00	0.00	0.00	(0.73)	46.55
KDOZF	24.56	7.95	0.12	(0.78)	18.50	(122.87)	133.33	(57.14)	306.06
MCHX	2.77	0.11	0.03	0.70	2.81	(3.94)	7.39	(4.35)	24.10
SNIPF	5.14	0.59	0.11	(1.36)	4.68	(7.65)	13.48	(8.94)	43.84
CYGIY	0.48	(0.26)	0.00	6.97	0.00	0.00	0.00	0.00	9.01
TZOO	2.75	0.93	0.28	(1.34)	2.62	(3.30)	8.14	(4.03)	24.32
EEX	1.91	0.09	0.03	0.16	2.90	(1.96)	3.95	(3.90)	16.08
ZD	1.56	0.25	0.12	1.28	1.83	(1.68)	2.37	(2.73)	20.12
DRCT	27.96	10.25	0.82	0.51	9.91	(40.76)	18.82	(22.84)	932.55

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